Job numbers in Alberta dropped for a fifth consecutive month in May, according to Statistics Canada.
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Monthly Archives: July 2016
Town unveils new environmental sustainability award for businesses
The Town of Devon has announced a new way for local businesses to receive some recognition.
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Calgary’s Citadel residents say Sarcee traffic warrants concrete wall
The community’s name is Citadel, and resident Neil Johnson thinks it’s deserving of a wall.
Read more: http://tinyurl.com/zn3kfr9
City begins twinning southwest section of Eighth Street
Residents of Airdrie’s southwest will have to contend with construction on Eighth Street as the City of Airdrie began work to twin the major north-south roadway July 25.
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Oil Majors Hit Hard As Refining Boom Comes To An End
British Petroleum, the first oil major to announce results on Tuesday, has reported the lowest refining margins for the April to June period in the past six years. The global refining marker margin, which stood at $13.80 a barrel in the second quarter of this year, has dropped down to $10.70 a barrel in the third quarter to date. Last year, the third quarter margins were a healthy $20 a barrel.
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US Homeownership Rate Crashes To Lowest Since 1965
In hopes of promoting the narrative of a US housing recovery, one recurring thesis has been that as Millennials get older and start families, they will eventually leave their parents’ basement and buy a house or shift from renting to owning. So far the facts have refused to corroborate this, and according to the latest “Housing Vacancies and Homeownership” report released on Thursday, the dream of owning a home just became even more distant. The reason: after staging a feeble rebound in late 2015, the US homeownership rate just tumbled from 63.5% to 62.9%, tied for the lowest print going back more than 50 years, to 1965.
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Payroll employment, earnings and hours, May 2016
Average weekly earnings of non-farm payroll employees were $956 in May, little changed (+0.2%) from the previous month. Compared with 12 months earlier, average weekly earnings increased 0.9%.
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Thank heavens, long-awaited work begins on Edmonton’s historic McDougall United Church
Construction that will help save the historic McDougall United Church from ruin began Monday.
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Whitemud Drive flooding likely too expensive to fix, city officials say
Whitemud Drive’s underpasses were built to flood and any fix is likely far beyond cash-strapped city budgets, say officials after nearly a dozen drivers were stranded Wednesday.
Read more: http://tinyurl.com/j8z2esq
Oil Industry About To Be Burned Again By Fall In Oil Prices
U.S. rig counts have surged as oil prices sink. Capital is driving the oil markets and it enables bad behavior by producers. That is why oil prices will stay low.
Read more: http://tinyurl.com/gwj2rns